Would an Increase in High-Skilled Immigration in Canada Benefit Workers?

Table 2

Behavioural and government program parameters.

	Value
Intertemporal elasticity of substitution	0.9
Intratemporal elasticity of substitution	0.8
Ratio of CPP/QPP pension replacement rate	0.2
Elasticity of time allocated to the production of human capital	0.7
Elasticity of substitution for labour demand across qualification	1.5
Production share of physical capital	0.3
Rate of interest	0.04 (per year)
Depreciation rate of physical capital	0.05 (per year)
Government expenditures/GDP	0.21
Government debt/GDP	0.0842
Labour income tax rate	0.318
Capital income tax rate	0.352
Consumption tax rate	0.11